This is a hot topic for sure. Evolved out of the previous Shared Risk Model, we built the Pay-for-performance model to enable owners, staff and patients to all win. Ditch the old models of yesteryear and reach out to learn more about a compensation model that balances quality, productivity and clinical efficiency in your practice!
Key Takeaways/Points
- Affects all divisions of your Organization Structure
- Quality, productivity, clinical efficiency
- PTs do not bill!
- Salary + benefits model will go extinct
- Exchange in abundance
- Easy to spot your top performers
- Built-in value system
- Promotes work-life balance
- Are your standards too low?
- Track the metrics
- Payroll is proportionate to production
- Automated
Resources:
Brian Gallagher, PT is the founder and CEO of MEG Business Management, LLC. He has more than 27 years of experience in the field of rehabilitation and 19 years in business and specializes in Physical Therapy practice management and executive coaching nationwide. As a licensed business management consultant, Brian has helped hundreds of business owners nationwide improve their business operations through proper restructuring to achieve improved systems of efficiency and productivity as well as marketing and sales with effective public relations which have proven results for double-digit growth year-over-year with businesses around the country.
